Category Archives: New Home Sales

New home sales

New Home Sales | New Home Sales Beat Expectations And Huge Revision To Last Month's Data

Joe Raedle/Getty Images New home sales were up 6.4% to an annualized pace of 433,000 units in April.This missed expectations for a 10.7% month-over-month rise. But the level was above expectations for an annualized pace of 425,000 units.This is because there was a significant upward revision to March’s data.Existing home sales were down a more modest 6.9% in March to an annualized pace of 407,000    .. more …

New Home Sales | April New Home Sales Rebound 6.4%, Affecting Builders Like Pulte

Restricted supply has been the theme of the U.S. housing market over the past year At the end of April, there were 192,000 new homes for sale, representing a 5.3-month supply. The median time a new home has been on the market shrunk from nine months last summer to the current figure of five months. As professional investors have become major players in the real estate market, we’re seeing bidding    .. more …

New Home Sales | Why The Midwest Surge Spikes New Home Sales In April

( Continued from Part 5 ) New home sales surge in spring The U.S. Census Bureau released the New Home Sales report for the month of April, 2014 on Friday, May 23. New home sales for the month of April, came in ahead of market expectations at 433,000 units. The level was up 6.4% over March, but 4.2% below April, 2013. Annual comparisons for home sales this year, have been adversely impacted by a    .. more …

New Home Sales | New Home Sales Number Is A Start — But Not A Solution

NEW YORK ( TheStreet ) — April’s new home sales were better than the winter’s , but probably not good enough to quickly calm the worries about the housing recovery — expressed by everyone from bond market buyers to Federal Reserve Chair Janet Yellen. The Census Bureau said single-family homes sold at an annual rate of 433,000 in April — up 6.4% from the revised March pace of 407,000 and down    .. more …

New Home Sales | U.S. New Home Sales Rise, But Momentum Lacking

* New home sales rise 6.4 percent in April* Home inventories rise to 192,000 units* Median price falls 1.3 percent from year-ago* Sales gains fail to mark clear break from slump (Adds details, new analyst comments)By Lucia MutikaniWASHINGTON, May 23 (Reuters) – Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/2 year high, but economists said the    .. more …

New Home Sales | New Home Sales Rise In April

Sales of new homes in Australia rose for a fourth straight month in April, underscoring a pick-up in the housing sector and a positive sign for broader economic activity, an industry survey showed on Thursday.The Housing Industry Association (HIA) said its survey of large builders showed sales of private sector new homes rose 2.9 percent in April from March. Sales were up 6.0 percent over the    .. more …

New Home Sales | Jump In New Home Sales May Signal Turnaround

FORTUNE — New home sales climbed 6.4% in April from the prior month, growth that exceeded expectations and signaled the first month of the spring selling season may have benefited from pent-up demand after a harsh winter. The Commerce Department said Friday sales of new single-family homes in April were at a seasonally adjusted annual rate of 433,000, 6.4 percent above the revised March rate of    .. more …

New Home Sales | Asia Stocks Rise On US Home Sales, S&P 500 Record

HONG KONG (AP) ” Asian stock markets pushed higher Monday on optimism over the U.S. economy after new home sales rose and a Wall Street benchmark closed at a record level.Markets in Asia were reacting to Friday’s Commerce Department report that new home sales rose 6.4 percent in April after falling in the previous two months. Investors were also heartened after the Standard Poor’s 500 finished    .. more …

New Home Sales | New Home Sales Rebound In April

Sales of new U.S. single-family homes rose more than expected in April and the stock of houses on the market hit a 3-1/2 year-high, a sign the sputtering housing recovery may be poised to regain steam.The Commerce Department said on Friday sales increased 6.4% to a seasonally adjusted annual rate of 433,000 units, ending two straight months of declines.March’s sales pace was revised up to 407,000    .. more …

New Home Sales | Upcoming New Home Sales And Existing Home Sales Data Will Provide The Overall Housing Picture

We can begin today’s discussion of the pre-market by addressing Home Depot’s ( HD ) earnings release this morning, where the home improvement retailer beat earnings expectations but came in a little light on revenues. Though with analysts already having discounted the poor weather effects from Q1, a beat on the bottom line may be considered a positive, overall. Home Depot stock is down a bit in    .. more …